1111 Ritz Carlton DRIVE, #1802, Sarasota, FL, 34236 | $4,100,000

Truly a must see penthouse condo on the top of the Ritz Carlton Hotel occupying an impressive 70% of the 18th floor. Enjoy breathtaking panoramic views of the picturesque Sarasota Bay. From the moment you step inside, you'll be greeted by awe-inspiring vistas that stretch from the vibrant Marina Jacks to the majestic John Ringing Bridge. This luxurious residence offers an expansive living space spanning nearly 5, 000 under air, designed to indulge you every desires. This exquisite condo boasts three spacious bedrooms and three and a half baths, offering ample room for relaxation and privacy. The thoughtfully designed layout features an elegant executive office, a chefs dream kitchen equipped with it's own pizza oven and wine refrigerator. The penthouse offers a convenient west wing dedicated to the master quarters ensuring maximum comfort and seclusion. The east wing is reserved for the remaining bedrooms, providing an ideal space for family members or guests. Impeccable attention to detail is evident throughout the residences with high-end finishes and luxurious touches gracing every room. The expansive window capture natural light, enhancing the open and airy ambiance. From the living spaces to the bedrooms, the remarkable views of Sarasota Bay serve as a constant reminder of the coastal paradise that surrounds you. In addition to the exceptional interior, residents of this remarkable condo will have access to a host of world class amenities. Take advantage of the buildings state of the art fitness center, sparkling pool, and inviting communal areas. Indulge in the ultimate in luxury living and enjoy the convenience of a prime location, with vibrant dining, shopping, and entertainment options all at your finger tips.

Features

  • Elevator: Y
  • Heating: Electric
  • Cooling: Central Air
  • Levels: 18
  • Rooms: 7
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Complex: THE RESIDENCES
  • Year Built: 2001
  • Approx Sq. Feet: 4,971
  • Acreage: 0.56
  • Est. Taxes: $42,632
  • Condo Fee: $5,202 Monthly
  • Lot Desc: Near Marina
  • View: Water
  • Pet Policy: Breed Restrictions, Yes
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4615583
  • Days on Market: 119 days
  • Website: https://www.raveis.com
    /prop/A4615583/1111ritzcarltondrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/14/2024 11:47:07 AM)
Listing courtesy of HORIZON REALTY INTERNATIONAL   Phone: 941-238-0953

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1111 Ritz Carlton DRIVE, #1802, Sarasota, FL, 34236

$4,100,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,280,000 $3,280,000 $3,280,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.826% 6.936%
Monthly Tax Payment $3,553 $3,553 $3,553
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $21,274 $21,274 $29,025
Total Monthly Payment $24,952 $24,952 $32,703

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.